Mission
Built and led by the communities we serve, we connect our members to innovative energy and communications programs and services.
Public Charity
Great Lakes Energy Cooperative
Great Lakes Energy Cooperative is a nonprofit organization categorized as Public Charity based in Boyne City, MI. Its most recent IRS filing (2024) reports revenue of $278.4M, expenses of $275.1M, total assets of $1.0B.
EIN: 383321875
Boyne City, MI
Latest filing: 2024
Total Revenue$278.4M
Total Expenses$275.1M
Total Assets$1.0B
Grant Records0
Filing Years2019–2024
Where $100 goes at Great Lakes Energy Cooperative
How Great Lakes Energy Cooperative divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
Provide electric service to approximately 110,000 members
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
VP of Engineering
Ashley Smith
Treasurer
Dale Farrier
VP of Information Technology
Daryl Desloover
Director
David Coveyou
Chief Financial Officer (Beg Apr)
Denne' Smith
Chairman
Howard Bowersox
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $278.4M | $275.1M | $1.0B |
| 2023 | $256.3M | $256.3M | $961.4M |
| 2022 | $262.4M | $262.4M | $878.0M |
| 2020 | $222.0M | $222.0M | $677.7M |
| 2019 | $217.6M | $217.6M | $579.5M |
Between 2019 and 2024, reported annual revenue grew from $217.6M to $278.4M (+28%), with total assets most recently reported at $1.0B.
Interactive year-over-year charts and full filing details available with membership.